Investments in Europe-listed exchange-traded products (ETPs) and exchange-traded funds (ETFs) soared to a record high in the first half of the year, according to a report.
London-based ETF consultancy, ETFGI, said that assets invested in Europe-listed ETPs and ETFs reached US$686 billion (€583.6 billion) at the end of the first half of 2017 in June.
ETFs and ETPs listed in Europe gathered net inflows of US$10.61 billion in June marking the 34th month of consecutive net inflows.
Year-to-date, net inflows into European ETPs and ETFs stand at record level of US$63.85 billion; significantly above the $22.57 billion at a similar point last year and significantly above the $55.69 billion gathered in all of 2016.
iShares gathered the largest net ETF/ETP inflows in June with $3.30 billion followed by Xtrackers with $1.44 billion and Lyxor AM with $1.38 billion.
Deborah Fuhr, managing partner at ETFGI, said: “Equity markets have performed well in the first half of 2017: the S&P 500 gained 9.34%, international equity markets outside the US were up 14.27% and emerging markets were up 16.69%.”
But Fuhr added that political risks remain a focus for investors, citing the ability of the Trump administration to move forward on policy goals and hearings on Capitol Hill, Brexit negotiations and the North Korea missile crisis.
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